Mitsubishi to Phase Out Most of its U.S.-made Models by 2014

Mitsubishi President Osamu Masuko today announced that the automaker will kill most of its current lineup of U.S.-made vehicles by 2014, as part of the company's “Jump 2013” mid-term business plan. The decision affects the Eclipse and Eclipse Spyder sports cars, Endeavor crossover and Galant sedan, which are going to be replaced with global vehicles built at the manufacturer’s Illinois plant. The Outlander crossover, Outlander Sport small crossover and Lancer sedan will provide the underpinnings for the new models.

According to Mr. Masuko, these changes won’t affect U.S. sales. In fact, he predicted that sales and production numbers will increase, albeit no target has been specified.

“Our sales in North America will increase”, Masuko said. “We'll still be selling cars brought in from Japan, and we'll be adding the global small car as well”.

When it comes to combined sales, Mitsubishi expects the Japanese, North American and European markets to register a jump of 90,000 units over the next three years.

Furthermore, the company is exploring other possibilities to gain much needed market share as well.

One plan of action will see Mitsubishi rolling out no less than eight electric or plug-in hybrid vehicles by early 2016, including a small commercial truck version of the i-MIEV and plug-in hybrid SUV based on the Px-MiEV concept car shown at the 2009 Tokyo Motor Show.

Mitsubishi also wants to bring its new global small car to the U.S. and target emerging markets with new models, such as a 1-ton pickup truck that could be jointly developed with Nissan.

By Csaba Daradics

Source: Autonews

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Mitsubishi Lifts the Wraps on New Global Small Concept before Geneva Salon Debut

It all started with a teaser sketch in early December '10, but today, Mitsubishi released the first real life photo of its Concept Global Small vehicle. The design study previews an upcoming subcompact model that is planned for production in March of 2012 at the Japanese firm's new third factory in Thailand, which will have an initial capacity for around 150,000 units per year.

Mitsubishi has not yet confirmed the markets for launch or detailed specifications on the production version of the new entry-level model. However, the company did note that the Global Small concept car will feature a fuel efficient 1.0-liter / 1.2-liter engine equipped with a regenerative braking system and start-stop technology, as well as a new-generation CVT and low rolling resistance tires.

We'll have more details on Mitsubishi's new sub-compact model after its debut at the Geneva motorshow, which opens in the beginning of March.

Mitsubishi CS Design Concept for a Sporty-Looking Colt Replacement by Gábor Farkas

What you see here is a very well executed and almost production ready-looking concept study penned as a replacement for the Mitsubishi Colt supermini, which was sent to Carscoop by independent designer Gábor Farkas. Called the Mitsubishi CS, the Ford Fiesta-sized concept model blends select styling cues from the Japanese brand's most recent models such as the Lancer's so-called shark nose with an aggressive body shape boasting curvalicious details.

Gábor's more production, less concept approach is continued in the interior which is partially inspired by the Outlander Sport (called ASX in Europe and RVR in Japan).

Here's what Gábor Farkas had to say about his creation:

"During the winter holiday I had some time to speculate and this is how I imagine a Colt successor that Mitsubishi fans could like. When designing the conceptCS, the main goal was to summon the spirit of its ancestors. The design concept revives the Colt CA (92-96) with a touch of the C50 (88-92) model at the front, wrapped in Mitsubishi's new jet-fighter design language. The interior is similar to that of the Outlander Sport/ASX/RVR."

Designer: Gábor Farkas

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Japan’s Economic Future in Doubt: A National Introspective

It’s not been a good year for Japan. China has recently overtaken the Land of the Rising Sun as the world’s second biggest economic power and a recall of over ten million vehicles by one of the nation’s biggest and most respectable companies, Toyota, kicked off a global PR debacle that some analysts predict will take years to recover from.

Add to that Japan’s aging population, its growing national debt and heavy reliance on manufacturing, all of which are effectively killing what was once thought destined to be the world’s leading economic superpower. The departure of its fourth Prime Minister in three years and a nasty diplomatic row with China over the detention of a trawler captain by the Japanese Coast Guard is also hurting.

What’s worse is that Japan’s population is dwindling due to a low fertility rate of just 1.3 children per woman. It is expected that the population will drop from 127 million to just 90 million by 2055, with 40% of that number being over 65s.

As the nation enters its third decade of economic stagnation, university students worry whether they can find steady employment or support their families. A third of Japan’s workforce is temporary workers or “Freeters” that flit from one available job to another. Such workers are unable to qualify for unemployment benefits, and make up more than three-quarters of the nation’s jobless. In these dark times, it’s no wonder -and a sad fact- that more than 30,000 people a year have committed suicides since 1998.

Japan’s Prime Minister, Nato Kan, is aware of the burgeoning crisis. His solution is to open up the country; reducing trade barriers and tariffs and loosening regulations to make the country a more attractive proposition to outside investors. A free trade agreement with the U.S. and other nations, the Trans-Pacific Partnership, is also under consideration. Though it could lead to Japan’s economic revival and cheaper imports, it could also cause significant job losses and social dislocation of the rural classes.

Analysts are convinced that the nation needs to find new growth areas such as green energy, software engineering and health care to help prop up the failing economy. More so, however, Japan needs to change its national mindset. Perceived to be rooted in conformism and census, it is seen by some to be too insular and too slow to change and respond to crisis. Without change, Japan has little hope of a short term recovery.

Of course, this is just one opinion. As always, our readers are encouraged to voice theirs in the comments.

By Tristan Hankins

Source: AP via Yahoo

Suzuki Launches New Solio Small Wagon in Japan, will Also be Available by Mitsubishi

Japan's Suzuki Motor Corp. on Friday unveiled its new domestic market Solio, a tall mini wagon that will go on sale in the country in early January. The Solio measures 3,710mm in length and will be available exclusively with a 1.2-liter gasoline engine producing 91HP, linked to a CVT and either front- or optionally, four-wheel drive. The Japanese automaker said it targets domestic yearly sales of around 12,000 units.

Soon after the Solio's press reveal, Suzuki and Mitsubishi released a joint statement announcing that the two firms have mutually agreed on the OEM (original equipment manufacturer) supply of the vehicle to Mitsubishi. Under the agreement, Suzuki will offer 800 Solios to Mitsubishi per month beginning from spring 2011.

"The OEM supply is expected to generate new customers for MMC, as it will make possible response to a wide variety of customer needs by adding a new genre to MMC's existing lineup – a compact height wagon," said Mitsubishi in the statement.

With this deal, Suzuki said it "aims to improve its productivity and lower production and development costs through further increasing economies of scale."

The deal comes only a few weeks after Mitsubishi and Nissan announced a similar but far more comprehensive OEM partnership.

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Nissan and Mitsubishi Plan Deeper Ties, Expand OEM Projects

Japan's Nissan Motor Corp. and Mitsubishi Motors today announced that they plan to deepen their business ties by establishing a new minicar joint venture in Japan and further expanding their OEM projects, to save costs and increase their competitiveness in the global car industry.

Under the new agreement, the automakers will build more cars for each other under what is known in the industry as an "original equipment manufacturer" or OEM partnership.

In particular, Nissan will provide a light van/wagon to Mitsubishi for the Japanese domestic market, while Mitsubishi will offer an SUV to Nissan for markets in the Middle East. In addition, discussions are ongoing for Nissan to provide Mitsubishi with upper-end segment models for the Japanese domestic market.

The two companies added that they are studying the establishment of a 50:50 joint venture for product planning and engineering of mini cars for the Japanese market, as well as the manufacture of the current generation of Nissan Navara pickup truck at Mitsubishi Motors' plant in Thailand.

Further down the line, the two companies said they are evaluating the manufacturing and engineering collaboration of a new generation one-ton pickup truck.

Nissan President and CEO Carlos Ghosn said: "This agreement is important for Nissan as it supports our expansion in emerging markets, meets immediate capacity needs overseas, and enables us to grow our mini car business in Japan. Our relationship with Mitsubishi demonstrates the ability of the Renault-Nissan Alliance - with its network of global partnerships - to constantly evolve and create new win-win relationships with other companies in function of specific needs and shared objectives".

Mitsubishi Motors President Osamu Masuko said: "Amid the drastically changing economic and market environments, Mitsubishi Motors is in partnership with PSA Peugeot Citroën in the areas of SUVs and EVs, and is always searching for other optimal solutions suited for each area of our business. This agreement to expand our business cooperation with Nissan is founded on our good business relationship since 2003, through several OEM agreements of mini cars and commercial vehicles. I believe that the expansion of our OEM agreement will complement each others' regional characteristics and product lineup, and the one-ton pickup and mini car projects will be the best solution to strengthen each others' competitiveness".

FAIL: 2 Fast, 2 Furious Lancer Evo VII Breaks Free Of Dyno In Puerto Rico [Video]

Dynamometers, or dynos for short, are a useful tool in any racer’s arsenal. By applying some basic physical principles, a dyno can calculate the amount of horsepower and torque being transferred from the wheels to the track, without ever needing to leave the safety of the garage.

So here’s the scoop (according to the posters): some students at Mech-Tech College in Ponce, Puerto Rico were putting a Lancer Evolution VII through its paces on the school’s dyno, when disaster struck. Everything seems normal until 16 seconds in, when the Lancer careens to the left and slides off. Of course, it was all captured on video for our edification.

According to the EvolutionM forum, the vehicle was improperly strapped down. It has something to do with the fitting of a Blow Off Valve (BOV) dump tube which changes the way the vehicle behaves both on the track...and on the dyno. Of course, nobody seems to have taken this into account when tying the Evo down.

Check out the vid and let us know what you think in the comments section below.

By Tristan Hankins

Source: Evolutionm , Via: WFC

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Mitsubishi Sketches New Low Cost Global Small Car

A new small car will soon join the ranks of Mitsubish's passenger car lineup. Teased in these renderings for the first time, the "global small" vehicle will be produced in a new factory currently being built in Thailand and will go on sale at the end of next year.

The subcompact hatch will make use of a new platform and will be offered with 1.0-1.2-liter engines. Mitsubishi said that the "global small" will be positioned as an entry-level model in MMC's model lineup, and plans are to export the vehicle from Thailand to markets worldwide, though the Japanese automaker did not get into any details about country-specific availability.

The low-cost city car will most likely be revealed at the upcoming Geneva Salon in March 2011.

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